Updated Market Thoughts

Alright Bitcoin has hit $53,000 almost quietly it seems.. While also having a floor of 50K since Feb. 14th when Bitcoin hit a little over 52K. I am not saying that it wont fall back below this mark but if it does it will be very interesting to see how fast anything under 50K gets bought up. I feel like a correction would be healthy for Bitcoin. But I also think you cant think rationally in an irrational market. One of my blogs before the (This Is NOT Financial Advice) blog was how I thought that max pain was UP!(February 5th Blog Post!) Bitcoin and Ethereum have not looked back since. For over a month I and many others have been saying that the rotation from Bitcoin to $ETH is happening and we are finally starting to see that narrative play out. With the upgrade to the Ethereum network that I’ve previously covered the Dencun upgrade and also the ETF that has a final decision to be made in May by the SEC. I see a big run up in $ETH just on that narrative alone and then it will play out similar to the $BTC ETF but with lesser volume. This is never Financial Advice and you will probably loose money so DYOR! But if you are looking at it through my eyes I see any dip especially under 50K as a great buying opportunity as the entire crypto market will react and that’s when to pick up your long positions to ride them out for the duration of the bull run with strong tokens that have multiple narratives surrounding them! And even though Bitcoin is at some of the highest points its been to in years it has been pretty steady and less volatile then many realize. This is definitely the time to be preparing for what is to come because we are really only getting started in my humble opinion. If you have a long term time frame, which you should you know that this is just the beginning! I have not really given any price targets because I think it is silly to just guess but I will say that I think it will be significantly higher then it is today. I believe 50K Bitcoin will sound cheap in a years time. That being said a blow off top is more then probable in my opinion so if $BTC goes over $200,000 I will be selling almost all of my other coins and just leave what bitcoin I have that I will never sell ever until $BTC is about 50K again when ill be buy more. So that’s my basic short and long term market thoughts! I have recently starting trading so that has been taking up more of my time then blogging because the research can really take a long time to form a well written blog. But I like writing about my market thoughts because one it helps me stay centered and realistic but two I can try and help people that are getting into the crypto market get a basic sense of what is going on! Thanks Everyone!